$UAL posted record Q3 operating revenue of $17.88B, up 17% YoY. $JETS
A 62% surge in jet fuel costs pushed operating expenses higher, reducing profit to $2.54 per share.
United Airlines Q4 outlook:
EPS guidance = $0.50 - $1.50, trailing Street consensus of $1.75
Revenue = projected to grow over 20%
PEG ratio:
$DAL = 0.86, supported by lower leverage
United = 0.91
Fuel cost volatility remains the primary margin pressure for investors.
Seeking Alpha Quant Rating for United Airlines: Hold.
Does fuel volatility cap the upside for airlines?